REG - Hilton Food Grp Plc - A year of investment for future growth <Origin Href="QuoteRef">HFG.L</Origin> - Part 2
25/03/2015 07:00
- Part 2: For the preceding part double click ID:nRSY3467Ia
(10,541) (10,498)
Administrative expenses (96,462) (95,715)
Share of profit in joint venture 884 464
Operating profit 26,062 25,774
Finance income 4 102 118
Finance costs 4 (976) (1,020)
Finance costs - net 4 (874) (902)
Profit before income tax 25,188 24,872
Income tax expense 5 (5,638) (5,512)
Profit for the year 19,550 19,360
Attributable to:
Owners of the parent 18,071 17,828
Non-controlling interests 1,479 1,532
19,550 19,360
Earnings per share attributable to owners of the parent during the year
Basic (pence) 6 25.0 25.0
Diluted (pence) 6 24.7 24.8
Consolidated statement of comprehensive income
2014 2013
52 weeks 52 weeks
£'000 £'000
Profit for the year 19,550 19,360
Other comprehensive income
Currency translation differences (4,761) 390
Other comprehensive income for the year net of tax (4,761) 390
Total comprehensive income for the year 14,789 19,750
Total comprehensive income attributable to:
Owners of the parent 13,625 18,151
Non-controlling interests 1,164 1,599
14,789 19,750
The notes are an integral part of these consolidated financial statements.
Consolidated balance sheet
Group Company
2014 2013 2014 2013
Notes £'000 £'000 £'000 £'000
Assets
Non-current assets
Property, plant and equipment 8 72,642 58,876 - -
Intangible assets 9 12,547 2,660 - -
Investments 1,234 405 102,985 102,985
Deferred income tax assets 771 1,313 - -
87,194 63,254 102,985 102,985
Current assets
Inventories 22,029 23,837 - -
Trade and other receivables 115,609 124,356 53 88
Current income tax assets 1,532 745 30 53
Cash and cash equivalents 35,586 34,642 333 189
174,756 183,580 416 330
Total assets 261,950 246,834 103,401 103,315
Equity
Equity attributable to owners of the parent
Ordinary shares 7,259 7,216 7,259 7,216
Share premium 7,235 5,885 7,235 5,885
Employee share schemes reserve 441 857 - -
Foreign currency translation reserve (2,024) 2,422 - -
Retained earnings 72,717 63,989 13,470 11,922
85,628 80,369 27,964 25,023
Reverse acquisition reserve (31,700) (31,700) - -
Merger reserve 919 919 71,019 71,019
54,847 49,588 98,983 96,042
Non-controlling interests 4,786 4,670 - -
Total equity 59,633 54,258 98,983 96,042
Liabilities
Non-current liabilities
Borrowings 10 32,573 18,616 - -
Deferred income tax liabilities 1,875 1,459 - -
34,448 20,075 - -
Current liabilities
Borrowings 10 10,687 11,104 - -
Trade and other payables 157,182 161,397 4,418 7,273
167,869 172,501 4,418 7,273
Total liabilities 202,317 192,576 4,418 7,273
Total equity and liabilities 261,950 246,834 103,401 103,315
The notes are an integral part of these consolidated financial statements.
The financial statements were approved by the Board on 24 March 2015 and were signed on its behalf by:
R. Watson OBE N. Majewski
Director Director
Hilton Food Group plc - Registered number: 06165540
Consolidated statement of changes in equity
Attributable to owners of the parent
Share capital Share premium Employee share schemes reserve Foreign currency translation reserve Retained earnings Reverse acquisition reserve Merger reserve Total Non-controlling interests Total equity
Group Notes £'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000
Balance at 31 December 2012 7,087 2,562 1,238 2,099 54,932 (31,700) 919 37,137 3,835 40,972
Profit for the year - - - - 17,828 - - 17,828 1,532 19,360
Other comprehensive income
Currency translation differences - - - 323 - - - 323 67 390
Total comprehensive income for the year - - - 323 17,828 - - 18,151 1,599 19,750
Issue of new shares 129 2,498 - - - - - 2,627 - 2,627
Adjustment in respect of employee share schemes - 682 (599) - - - - 83 - 83
Tax on employee share schemes - 143 218 - - - - 361 - 361
Dividends paid 7 - - - - (8,771) - - (8,771) (764) (9,535)
Total transactions with owners 129 3,323 (381) - (8,771) - - (5,700) (764) (6,464)
Balance at 29 December 2013 7,216 5,885 857 2,422 63,989 (31,700) 919 49,588 4,670 54,258
Profit for the year - - - - 18,071 - - 18,071 1,479 19,550
Other comprehensive income
Currency translation differences - - - (4,446) - - - (4,446) (315) (4,761)
Total comprehensive income for the year - - - (4,446) 18,071 - - 13,625 1,164 14,789
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